Wells Fargo Weekly Economic & Financial Commentary – June 19, 2015
The Fed Gears Up for September Hike
- The June Federal Open Market Committee (FOMC) meeting points to a September rate hike despite some downward revisions to its economic forecast.
- Consumer prices gained strength in May, thanks to higher energy costs, although year-ago inflation remains soft.
- The factory sector has struggled with a stronger dollar and energy cutbacks, which contributed to another decline in industrial production in May.
- Homebuilders are more confident, but residential construction growth is set to be relatively modest.
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for June 19, 2015.
Tags: economy